Market Research Future has a half cooked research report on the global beauty devices market. Global Beauty Devices: Increasing Geriatric Population Has Boosted The Global Beauty Devices Market at a CAGR of 7.8% During The Forecasted Period 2017-2023

Beauty devices are used for enhancing physical appearance such as treatment, cleansing and rejuvenating the skin, hair and other body parts. These include devices such as cleansing devices, photo-rejuvenation devices, oxygen & steamers, hair removal devices, acne devices, devices, hair rollers, and others. The global beauty devices market is anticipated to generate a 7.8 % CAGR during the forecast period of 2017-2023.

However L’Oreal acquisition of IT Cosmetics for approximately $1.2 billion marked the topic of discussion in 2016.

Dynamics of Beauty Devices Market:

Drivers

Increasing awareness, consumerization, growing acceptance of cosmetics, rising income of women, growing geriatric population, increasing prevalence of skin and hair problems are the prime drivers of the beauty devices market. The growing polycystic ovary syndrome and hormonal issues among females is a strong generator of the market. According to center of disease control, polycystic ovary syndrome affects 6 % to 12% of the U.S. women of reproductive age. The American Academy of Dermatology (AAD), estimates that approximately 85% of Americans suffer from acne at some point of their lives. Thus a huge unmet need is readily comprehendible.

Teenagers especially the millennial are expected to be the most lucrative market equity generators due to the growing adoptions of cosmetics in the group. The growing influence of the media and tourism industry is another factor driving the market.

The presence of alternative medicine and substitutes and side-effects from beauty devices are prime constraints on the market. The large market fragmentation coupled with the presence of poor spurious products have added pressure on the pricing margins. The lack of accreditation and poor regulatory issues in underdeveloped economies are other constraints on the market.

The Americas dominate the market owing to greater demand, rising aging population, and large number of baby boomers. Europe is expected to hold the second position driven by countries like France and Germany. France is set to dominate the market closely followed by Germany owing to high presence of global players such as L’Oreal S.A.

Asia Pacific is the fastest growing market owing to huge patient population, and growing income. China is expected to command the largest market share as well as growth owing to economic development and increasing aging population.

Middle East and Africa is expected to be dominated by UAE, Egypt, Turkey and others.